nuclear-news

Lemon socialism? – Rolls Royce might like to gracefully get out of Small Nuclear Reactors (SMRs)?

Lemon socialism is a pejorative term for a form of government intervention in which government subsidies go to weak or failing firms (lemons; see Lemon law), with the effective result that the government (and thus the taxpayer) absorbs part or all of the recipient’s losses.^[1][2] The term derives from the conception that in socialism the government may nationalize a company in its entirety, while in lemon socialism the company is allowed to keep its profits but its losses are shifted to the taxpayer. – Wikipedia.

Many sources I had found online over the past half year said Rolls Royce (RR) SMR would be going down soon – because they’d be out of cash before the end of 2024. 

This last ditch effort at fundraising appears to be futile.

Because private money (as opposed to public money) looks at the balance sheet….assets vs. liabilities.

A free open competitive energy marketplace will definitely kill SMRs. Even the UK gov’t won’t buy their SMR – so, RR is losing their “Lemon Socialism” card. (Ralph Nader uses that term to describe nuclear power) Oh well, Rolls Royce has many other engineering ventures … which they are very successful at. 

This SMR thing could distract from, and draw funds from, those. 

August 8, 2024 - Posted by Christina Macpherson | business and costs, UK